Stronger Together - Freedom from Hunger
Stronger Together - Freedom from Hunger
Stronger Together - Freedom from Hunger
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Financial Highlights<br />
STATEMENTS OF UNRESTRICTED ACTIVITIES AND CHANGES IN<br />
UNRESTRICTED NET ASSETS*<br />
Years Ended June 30, 2010 and 2009<br />
2010<br />
UNreSTrICTeD OPerATING reveNUe AND SUPPOrT:<br />
2009<br />
Individuals and Planned Gifts $3,437,007 $3,198,397<br />
Corporate and Foundation Grants and Gifts 2,744,254 2,853,771<br />
Public Sector/NGOs/Other Sources 325,446 285,964<br />
Contributed In-kind Materials and Services 81,428 154,903<br />
Net Assets released <strong>from</strong> restrictions 879,841 546,839<br />
Total Unrestricted Operating revenue and Support 7,467,976 7,039,874<br />
UNreSTrICTeD OPerATING exPeNSeS:<br />
Africa Programs 1,324,224 1,431,925<br />
Central & South America Programs 990,681 628,642<br />
Southeast Asia Programs 584,230 882,980<br />
Global Programs 1,125,386 1,322,204<br />
Program Information/<strong>Hunger</strong> Awareness 859,802 1,177,507<br />
Fundraising 495,268 527,537<br />
General and Administrative 866,100 968,610<br />
Total Unrestricted Operating expenses 6,245,691 6,939,405<br />
CHANGe IN UNreSTrICTeD OPerATING NeT ASSeTS 1,222,285 100,469<br />
NON-OPerATING - Other Income 123,599 (513,670)<br />
CHANGe IN UNreSTrICTeD NeT ASSeTS 1,345,884 (413,201)<br />
UNreSTrICTeD NeT ASSeTS, BeGINNING OF YeAr 1,774,814 2,188,015<br />
UNreSTrICTeD NeT ASSeTS, eND OF YeAr $3,120,698 $1,774,814<br />
STATEMENTS OF FINANCIAL POSITION<br />
June 30, 2010 and 2009<br />
2010 2009<br />
ASSeTS:<br />
Current Assets $4,995,234 $5,074,671<br />
Cash Surrender value of life Insurance 161,594 145,306<br />
Split Interest Agreements 106,881 103,728<br />
Property and equipment, net 589,101 669,155<br />
Other Assets 77,778 77,778<br />
TOTAl ASSeTS $5,930,588 $6,070,638<br />
lIABIlITIeS AND NeT ASSeTS:<br />
Current liabilities $912,614 $2,807,740<br />
Noncurrent liabilities 200,000 200,000<br />
TOTAl lIABIlITIeS 1,112,614 3,007,740<br />
NeT ASSeTS:<br />
Unrestricted Net Assets 3,120,698 1,774,814<br />
Temporarily restricted Net Assets 1,619,498 1,210,306<br />
Permanently restricted Net Assets 77,778 77,778<br />
TOTAl NeT ASSeTS 4,817,974 3,062,898<br />
TOTAl lIABIlITIeS AND NeT ASSeTS $5,930,588 $6,070,638<br />
* The Statements of Unrestricted<br />
Activities and Changes in<br />
Unrestricted Net Assets are designed<br />
to reflect the results of operations<br />
exclusive of non-operating activities<br />
(such as gains/losses on investment<br />
accounts) and are derived <strong>from</strong> the<br />
audited financial statements.<br />
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